this post was submitted on 23 Feb 2026
333 points (96.1% liked)

Not The Onion

21090 readers
1011 users here now

Welcome

We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!

The Rules

Posts must be:

  1. Links to news stories from...
  2. ...credible sources, with...
  3. ...their original headlines, that...
  4. ...would make people who see the headline think, “That has got to be a story from The Onion, America’s Finest News Source.”

Please also avoid duplicates.

Comments and post content must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, ableist, or otherwise disruptive behavior that makes this community less fun for everyone.

And that’s basically it!

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] brucethemoose@lemmy.world 9 points 1 month ago (6 children)

Phoebe Gates cofounded Phia, an AI shopping assistant, with her Stanford University roommate Sophia Kianni. The shopping assistant plugs into browsers like Chrome and Safari to compare prices and surface deals across tens of thousands of retail and resale sites in real time. It essentially serves as your own personal deal finder: say you’re looking at a $200 dress from Anthropologie, Phia can find and compare prices at second-hand sellers to help customers find a better price.

That's actually a neat premise. Fashion isn't my cup of tea, but otherwise that sounds useful (albeit not very unique; shopping assistants are a dime a dozen).

[–] digitalFatteh@lemmy.ca 50 points 1 month ago (4 children)

So it’s a price checker extension. That scrapes other websites for better deals.

I feel like this is just a plug piece to spotlight her product tbh.

[–] givesomefucks@lemmy.world 32 points 1 month ago (1 children)

What's crazier is people thinking it's a good enough idea to get $185,000,000 in funding for someone who just graduated college...

Like, it already exists, there's a bunch of those already.

She slapped "AI" on the front of it but because her name is Gates people won't stop throwing money at it. If she doesn't understand her name is why she's getting funding, that just means she's both ignorant and naive and this is an even worse investment and product than it seems on the surface.

[–] FancyPantsFIRE@lemmy.world 14 points 1 month ago (1 children)

I’m sure the Gates named helped, but AI anything has venture capitalists punching the Fry meme. It feels very similar to the dot com era bubble in a macro sense, except without a large number jobs being created.

[–] givesomefucks@lemmy.world 14 points 1 month ago* (last edited 1 month ago)

If a random 23 year old can just take any type of plugin that's been around 20+ years, slap AI in front of it...

And raises $185,000,000...

Why exactly do you think they're not all doing it?

Thats a rhetorical question by the way, the rest of them aren't doing it because their last name isn't Gates so it wouldn't work

[–] Stern@lemmy.world 22 points 1 month ago* (last edited 1 month ago) (1 children)

They just slap the word AI on it so investors pp's become the big pp.

My little brother works for a supply company, and one of the companies they supply has a new 'AI' tool where folks type in the thing they want and it pulls from other companies to find the lowest price, then color codes it and shit. The supply companies have to put their prices in a database for the 'AI'. All I could think hearing about it is that some C level got absolutely fucking bamboozled.

[–] homesweethomeMrL@lemmy.world 1 points 1 month ago

some C level got absolutely fucking bamboozled.

That’s all they’re for. The last time I heard any executive actually make a good decision - or even anything in the neighborhood of a good decision - was . . . Ummmm. Well, I’m sure it was sometime this century. ? Maybe.

[–] GenderNeutralBro@lemmy.sdf.org 14 points 1 month ago

There are a million of these out there. Most of them suck. Many are, at best, ethically gray. Even the better ones spy on you in a hundred different ways.

I'd love something that actually didn't suck, but "185 million dollar AI startup" doesn't sound promising to me.

The big problem with the concept is that there's money to be made by gaming the system and nobody is good at that cat and mouse game. AI could theoretically help, but let's be real: it's just going to scrape the same 100 identical Amazon referral listicles you'd get in a Google search, with an extra sprinkling of ads.

[–] skisnow@lemmy.ca 6 points 1 month ago

Yup. Price comparison extensions have been around for decades already.

[–] Aequitas@feddit.org 21 points 1 month ago* (last edited 1 month ago) (4 children)

Shareholders will expect their 185 million to turn into more. Someone will have to pay for this “more.” The business model will therefore boil down to either selling user data or companies paying to be given preferential treatment by the system. Probably both.

Furthermore, such services do not create any added value for the economy because, like advertising, they merely ensure that money is spent at B instead of at A. They are not productive and can be used much more efficiently by the bigger players.

[–] KraeuterRoy@feddit.org 11 points 1 month ago (1 children)

We already know how things like that can be monetized - just look at the Honey scandal. You rip off both users and business customers... But this time with AI.

What a novel idea, Phoebe. Such Innovation, much wow!

[–] Susaga@sh.itjust.works 7 points 1 month ago

Honey didn't just rip off business customers. It ripped off unrelated businesses too.

[–] digitalFatteh@lemmy.ca 9 points 1 month ago

Guaranteed it’s going down the route of:

“Want your store at the top. We can make that happen” nudge, nudge

But it feels so damned blatant for the grift that it is. The “It’s not about my name” is very blinkered view to take.

[–] YetAnotherNerd@sopuli.xyz 3 points 1 month ago (1 children)

That’s not right economically. If you were going to spend $200 at store B and now spend $150 at store A, that’s an efficiency of $50. You’re saying that looking for deals isn’t a market benefit, and it absolutely is. Now, their cut of it is of no benefit, and fuck AI. But the service is productive.

[–] Aequitas@feddit.org 4 points 1 month ago* (last edited 1 month ago)

But then the seller is missing out on those $50, which they can't spend anywhere else. From an macroeconomic perspective, the effect is zero. Like advertising, it only serves to allocate resources, not to create value. What's more, it's mainly large companies that benefit from something like this. Firstly, because of scale effects, and secondly, because they can sustain price dumping for longer than smaller companies.

The same applies to deals. You only benefit from them because someone else is disadvantaged. Unless, of course, you assume that companies have something to give away out of kindness. And, of course, you yourself have been someone who has given someone else an advantage at your own disadvantage. You paid more so that someone else could pay less. The macroeconomic effect was zero because no value was created.

[–] brucethemoose@lemmy.world 2 points 1 month ago* (last edited 1 month ago)

Oh, I 100% agree. I test installed the app, and it seems to be some of both (behavior tracking with a Safari extension, and store sponsorship).

That being said, I hate store monocultures even more, like how Amazon/Walmart can bully their suppliers through sheer critical mass and shoppers don’t even look anywhere else. That’s economic inefficiency. Price aggregators are a good thing.

[–] Carighan@piefed.world 4 points 1 month ago

Ah yes, I remember a browser extension about finding coupon codes for the sites you're on that absolutely didn't end up being disgusting shit. 🤣

[–] homesweethomeMrL@lemmy.world 4 points 1 month ago

Anyone here old enough to remember froogle?

Ehhhh. Bah! I’m gonna take a nap.

[–] gjoel@programming.dev 2 points 1 month ago (1 children)

Where does the AI come into the picture though?

Well if AI doesn't have to be artificial intelligence, I guess it doesn't matter

[–] Catoblepas@piefed.blahaj.zone 1 points 1 month ago (1 children)

Stanford

The forever accurate red flag!

[–] Tollana1234567@lemmy.today 2 points 1 month ago

ah yes stanford, along with other well known UNIVERSITIES, that produces elitists graduates, she says she doesnt want to be "Associated with having a famous parents that paid for everything, including her AI company.